Browse content similar to 24/11/2016. Check below for episodes and series from the same categories and more!
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the Labour MP Jo Cox. He shouted" written first" as he shot Jo Cox | :00:00. | :00:00. | |
just after the EU referendum in June. | :00:00. | :00:00. | |
Here is that Sharanjit Leyl with Asia Business Report. | :00:07. | :00:13. | |
From business to politics. Can Donald Trump crossover to the | :00:14. | :00:18. | |
presidency without conflicts of interest? And grains for good. Rice | :00:19. | :00:24. | |
growers in Cambodia take a unique approach. | :00:25. | :00:32. | |
Welcome to edge a business report. I am Sharanjit Leyl. Can Donald Trump | :00:33. | :00:40. | |
profit from the presidency? The President-elect is being urged to | :00:41. | :00:45. | |
separate himself from the Trump organisation to avoid any conflict | :00:46. | :00:48. | |
of interest that while there is no law enforcing him to do so, it has | :00:49. | :00:52. | |
been the past practice of other presidents for the last 40 years. | :00:53. | :00:57. | |
But, if that campaign has shown us anything, it is that the soon-to-be | :00:58. | :01:01. | |
leader of the United States is anything but conventional. We have | :01:02. | :01:04. | |
more from New York. These are the most visible parts of | :01:05. | :01:12. | |
the President elect's empire. Mr Trump says he can be both | :01:13. | :01:15. | |
businessmen in chief and commander-in-chief. There is nothing | :01:16. | :01:21. | |
in the Constitution that addresses this. There are implicit concerns in | :01:22. | :01:26. | |
the Constitution about the corruption possibility that there | :01:27. | :01:29. | |
nothing that at this level of specificity. This is a practice that | :01:30. | :01:34. | |
has emerged in the United States only in the 20th century. The | :01:35. | :01:38. | |
practice exists for a reason. This weekend meeting with Indian real | :01:39. | :01:42. | |
estate developers already raises questions about Mr Trump's ability | :01:43. | :01:47. | |
to celebrate -- separate his business from the presidency. Donald | :01:48. | :01:50. | |
Trump the businessman has seen conflicts. Casino bankruptcies, | :01:51. | :01:55. | |
fraud at Trump University and even tussle is over hiring practices at | :01:56. | :02:00. | |
one of his hotel. If you does nothing come January 20, these | :02:01. | :02:03. | |
entanglements will be with the President of the United States. The | :02:04. | :02:10. | |
challenge of course is Mr Trump is his business. And so is his family | :02:11. | :02:15. | |
which makes them -- claims that his children will now control the Trump | :02:16. | :02:20. | |
organisation. -- it makes the claim is ludicrous to many. There is no | :02:21. | :02:24. | |
need to dismantle his business empire but certainly to simply say, | :02:25. | :02:28. | |
" I'm going to let my children handle it" is not sufficient. If we | :02:29. | :02:34. | |
in the States would hear something like this, we would associate this | :02:35. | :02:37. | |
kind of intermingling of government and business is something a feature | :02:38. | :02:43. | |
of a banana republic. The Constitution does say that the | :02:44. | :02:46. | |
President cannot accept any foreign money or gifts without the consent | :02:47. | :02:53. | |
of Congress. It makes Mr Trump's International business dealings | :02:54. | :02:57. | |
questionable under law. We should expect there to be continual | :02:58. | :03:02. | |
concerns, maybe scandals, maybe hearings in Congress, about the | :03:03. | :03:10. | |
President's business interest, America's foreign policy and even | :03:11. | :03:14. | |
domestic policy. It's all going to be in one big night and it's going | :03:15. | :03:21. | |
to be difficult to straighten out. -- knot. Now, he seems intent on | :03:22. | :03:27. | |
mixing his business with his presidency but it's hard to see how | :03:28. | :03:30. | |
this approach will keep in compliance with US law and | :03:31. | :03:34. | |
convention. It also seems long way away from his campaign promise to | :03:35. | :03:37. | |
drain the swamp of corrupt US politics. | :03:38. | :03:42. | |
Staying with Trump, the President elect has attacked China during the | :03:43. | :03:52. | |
campaign saying it keeps currency artificially low in order to make it | :03:53. | :03:56. | |
exports cheaper overseas but his election has strengthened the US | :03:57. | :04:00. | |
dollar, forcing the UN to seven-year lows -- yen. Earlier, I spoke with | :04:01. | :04:12. | |
David Marsh of the official monetary and financial institutions for and I | :04:13. | :04:15. | |
asked him what is driving down these Asian currencies. | :04:16. | :04:16. | |
We have had eight or nine years of very low interest rates all over the | :04:17. | :04:22. | |
world and America is just starting very hesitantly last you to raise | :04:23. | :04:26. | |
rates. Now, we are seeing a real turning point because you see Donald | :04:27. | :04:30. | |
Trump coming in is wearing huge infrastructure programmes, huge tax | :04:31. | :04:35. | |
cuts, deficit spending, so that will force up inflation which in a way is | :04:36. | :04:39. | |
a good thing, maybe get the economy going but of course it means is a | :04:40. | :04:43. | |
strong dollar 70s leading to war this attrition, not just in this | :04:44. | :04:47. | |
part of the world but also the euro sterling as well, they have been | :04:48. | :04:50. | |
weak. I prophesy is that over the next year, the dollar will be strong | :04:51. | :04:54. | |
and a lot of things that Donald Trump wants to do will be made null | :04:55. | :04:59. | |
and void by the fact that the strong dollar will not be very good for | :05:00. | :05:02. | |
manufacturing workers. Indeed. And all the things that he has promised | :05:03. | :05:06. | |
may be ending up to where he needs second thoughts. | :05:07. | :05:08. | |
Airbnb is said to be in talks to buy China's second largest home | :05:09. | :05:17. | |
accommodating service. While Airbnb is the biggest online platform for | :05:18. | :05:21. | |
people to rent their homes to travellers globally it is having a | :05:22. | :05:25. | |
really hard time to break into the Chinese market. The San Francisco | :05:26. | :05:29. | |
-based company already has about 70,000 properties listed in the | :05:30. | :05:31. | |
world 's most populous nation. Asia is getting richer and overseas | :05:32. | :05:38. | |
development is playing a much smaller role in helping countries | :05:39. | :05:42. | |
develop further here. New figures from the foreign aid now accounts | :05:43. | :05:50. | |
for just 7% -- .7% of flows into the Asia-Pacific region and that is done | :05:51. | :05:56. | |
from 13.5% in 1994 stop does that mean that the private sector will | :05:57. | :06:03. | |
play a bigger role? We spoke with the director of Asian Pacific but | :06:04. | :06:07. | |
the UN development programme. We asked how aid could be made more | :06:08. | :06:09. | |
efficient. Business provided 90% of jobs. You | :06:10. | :06:19. | |
have to get government to get serious about sustainable | :06:20. | :06:21. | |
development. Work with them intensively. So that they take | :06:22. | :06:27. | |
sustainability as part of their business strategy. A civil society | :06:28. | :06:32. | |
organisation has a role to play but this depends on the country context | :06:33. | :06:35. | |
of whether the service position, whether it is a watchdog, who is | :06:36. | :06:41. | |
accountable. And individuals going for innovation, setting up a small | :06:42. | :06:47. | |
business and so forth. It is a coalition of assets. How it balance | :06:48. | :06:53. | |
shifting between the need to eight and the need for direct investment? | :06:54. | :06:59. | |
In Asia-Pacific, most of the countries art need income countries | :07:00. | :07:02. | |
which means their ability to finance their own development has increased. | :07:03. | :07:06. | |
The relative importance of aid hasn't dished -- has declined. | :07:07. | :07:18. | |
Governments own finance which is increasing very rapidly. Financing | :07:19. | :07:23. | |
flows from the private sector, from the financing market and also, | :07:24. | :07:30. | |
private individuals. How is the current economic climate affecting | :07:31. | :07:34. | |
countries or willingness to give aid and other foreign investment? We | :07:35. | :07:40. | |
have only one planned. We talk about plan a and plan B in our business | :07:41. | :07:45. | |
planning but there is no plan B. There is only our common future. We | :07:46. | :07:49. | |
see the convergence of all parties for a sustainable future. | :07:50. | :07:55. | |
Farmers in Cambodia are being offered a much-needed boost to their | :07:56. | :08:00. | |
bottom line by a company with an unusual motive and the price of rice | :08:01. | :08:05. | |
has been falling but for those willing to adopt some very high | :08:06. | :08:09. | |
environmental standards, there is an opportunity. The wildlife | :08:10. | :08:13. | |
conservation Society together with the firm called Ibis Rice are | :08:14. | :08:20. | |
working on a future to create an egg -- ethical taste of Asia. | :08:21. | :08:55. | |
You have the National bird of Cambodia thought to be extinct and | :08:56. | :09:00. | |
you discover it after years of thinking its lost next to rural | :09:01. | :09:04. | |
communities growing some of the best jasmine rice in the world. So what | :09:05. | :09:11. | |
Ibis Rice is all about is linking organic farmers with the consumer | :09:12. | :09:15. | |
that appreciates organic process -- products. | :09:16. | :09:28. | |
Ibis rice is much more than organic rice. There is a story behind the | :09:29. | :09:36. | |
product and it holds up. I mean, I see it is really great, the farmers | :09:37. | :09:40. | |
love it, the farmers are very enthusiastic. | :09:41. | :10:10. | |
Let's look at the markets before we go because the Nikkei continues to | :10:11. | :10:16. | |
make gains. It is near an 11 month high and that is after the Dow hit | :10:17. | :10:20. | |
an all-time high for the third straight day due to some extent what | :10:21. | :10:24. | |
people are calling that Trumper said. Other currencies in the region | :10:25. | :10:31. | |
are flat at the moment. That is all, thank you for watching. | :10:32. | :10:40. | |
The headlines et al. Hong Kong's hi Scott will begin hearing an appeal | :10:41. | :10:45. | |
shortly from | :10:46. | :10:46. |